United Parks & Resorts (NYSE:PRKS) PT Raised to $59.00 at Citigroup

United Parks & Resorts (NYSE:PRKS) had its price target increased by stock analysts at Citigroup from $55.00 to $59.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 5.98% from the company’s previous close.

Several other research analysts also recently commented on PRKS. Truist Financial raised their price objective on United Parks & Resorts from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Mizuho raised their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, May 9th. Guggenheim assumed coverage on United Parks & Resorts in a report on Thursday, April 4th. They set a “buy” rating and a $73.00 price objective on the stock. Finally, B. Riley raised their price objective on United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts presently has a consensus rating of “Hold” and a consensus target price of $65.50.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $55.67 on Monday. The business has a 50 day simple moving average of $53.07. United Parks & Resorts has a fifty-two week low of $40.87 and a fifty-two week high of $60.36. The stock has a market capitalization of $3.48 billion, a P/E ratio of 14.97 and a beta of 2.02.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.09. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The firm had revenue of $297.40 million for the quarter, compared to the consensus estimate of $286.88 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Research analysts expect that United Parks & Resorts will post 4.38 EPS for the current year.

Insider Transactions at United Parks & Resorts

In other news, insider Christopher Dold sold 32,518 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares of the company’s stock, valued at approximately $1,713,292.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher Dold sold 32,518 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares of the company’s stock, valued at approximately $1,713,292.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jayson Maxwell sold 500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the completion of the sale, the insider now directly owns 1,267 shares of the company’s stock, valued at approximately $68,316.64. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.